Category Archives: advice gap

When advice sits behind a paywall.,,,

One of the many pleasures of it being summer is that I have time to contribute to newspapers. I searched myself on the Times website and found out I’ve been contributing to their articles at a rate of one a … Continue reading

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Mr Field – you want a common measure for value for money? I’ve got one!

In the Work and Pension Select Committee’s report on pension transparency, one demand has caught the imagination of the pension community You can read Kim Kaveh’s excellent article here. Professional Pensions ran the question on its Pension Buzz survey and … Continue reading

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What WPS is ACTUALLY saying about pension transparency

The headlines are about “rip-off” pension charges, but the WPS Select Committee’s report is a wide-ranging  investigation into the transparency of the pensions industry and not a sensationalist attack on charges. It sets out its stall in the pre-amble. There should … Continue reading

Posted in advice gap, age wage, auto-enrolment, pensions | Tagged , , , , , , | 1 Comment

Auto enrolment isn’t SERPS

The original AE workplace pension Many years ago I was involved with  the Kingfisher Retirement Trust, a bare COMP that just about competed with SERPS for value because it offered employees lower national insurance and the semblance of a pension. … Continue reading

Posted in advice gap, age wage, pensions | 3 Comments

Folly in the Pensions Landscape

Every month of every year I get a request from someone for information on the Pensions Landscape in the UK and where people can get reliable stats on where our pension savings go. The answer I give them is to … Continue reading

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How contingent fees underpin SJP’s shareholder value.

The last two days have not been kind to St James Place, on Tuesday it was presented with the FCA’s CP19/25 and PS19/21 and yesterday it had to face the wrath of the market which marked its shares down 5% … Continue reading

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Bosses + trustees talk “pension choices” too!

This blog looks at what the FCA is planning to do to regulate the way unadvised drawdown plans are presented to customers. This follows the publication on a further policy paper from the FCA – CP 19/21 The point of … Continue reading

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Do we have to wait for the car crash, before we mend the road? CP19/25

Around £12bn worth of DB pension pots could have been subjected to poor transfer advice, based on these FCA figures. This is over one year alone. pic.twitter.com/eUPWu8UoL0 — Josephine Cumbo (@JosephineCumbo) July 30, 2019 It is now too late to … Continue reading

Posted in advice gap, age wage, BSPS, dc pensions, de-risking, pensions | Tagged , , | 4 Comments

Transfers + workplace pensions;- RU64 2.0

Have a look at chapter 4 of CP 19-25   Ongoing conflicts of interest We are proposing strengthening our existing requirements that advisers giving pension transfer advice should consider an available workplace pension as a receiving scheme for a transfer … Continue reading

Posted in advice gap, age wage, FCA, pensions | Tagged , , | 2 Comments

The tawdry state of DC cost disclosure

  NOW pensions, perhaps tired of being labelled the pariah of master trusts has come out fighting with the following table which shows in certain circumstances, their charging structure provides good outcomes, investment returns being even. Because of the peculiar … Continue reading

Posted in advice gap, age wage, auto-enrolment, pensions | 3 Comments